and i've seen A LOT of bubbles

4/10/2013 2:40:37 PM

Too soon to tell. Could just be ddos against mtgox. That will hold trading and cause huge swings.

4/10/2013 2:51:23 PM

Down to $105

4/10/2013 3:31:54 PM

I don't know what to use for a source of information.

4/10/2013 3:34:47 PM

as of right now, according to mt. gox:

Quote :

"Last price:$150.00000 High:$266.00000 Low:$105.00000 Volume:118090 BTC Weighted Avg:$212.20900"

4/10/2013 3:44:18 PM

4/10/2013 4:38:03 PM

Is this the part where eurotits puts his foot in his mouth or....

4/11/2013 4:08:59 PM

Quote :

"First of all we would like to reassure you but no we were not last night victim of a DDoS but instead victim of our own success!"

AHAHAHAHAHAHAHAHAHAHA

does anyone think gold could lose half it's value in 24 hours? last price right now is $124.9 on mtgox.

[Edited on April 11, 2013 at 8:11 PM. Reason : .]

4/11/2013 8:05:22 PM

^

MtGox suspended trading. It's more like $79. Here's another exchange: https://www.bitstamp.net/

4/11/2013 8:18:35 PM

i'm thinking about buying a few of these, holding on to them, and just seeing what happens in the long run.

4/11/2013 11:49:19 PM

current price: $75.10

4/12/2013 7:28:05 AM

I'm waiting on it to get back to $3, then I'm gonna put $500 in and I'll be a millionaire in 2 years.

4/12/2013 9:47:47 AM

https://twitter.com/bitcoin_txt

4/12/2013 2:35:03 PM

JLCayton said:

Quote :

"I am a speculator, perfect proof of why this is a dumb idea for dumb people."

4/12/2013 4:38:12 PM

I'm not sure if it has been mentioned yet, but the idea of a crypto-currency hit the public consciousness because of this book:

http://en.wikipedia.org/wiki/Cryptonomicon

Bruce Schneier helped with the cryptography parts of the book.

http://en.wikipedia.org/wiki/Bruce_Schneier

Bruce coined the term "Security Theater" when talking about Homeland Security, and was the inventor of blowfish. He did the Pontifex cipher for the book, that uses only a deck of cards.

4/12/2013 5:57:56 PM

I actually did not know that about Cryptonomicon. I've read 4 Stephenson novels but figured that one was boring. I'll have to check it out.

4/12/2013 8:01:49 PM

I left my last few coins in my wallet and will just save them for a rainy day, if they ever shoot up again. I never caught it at my magic $200 mark to get rid of these last ones.

4/12/2013 8:34:14 PM

Quote :

""I am a speculator, perfect proof of why this is a dumb idea for dumb people.""

if i had been so dumb as to buy some when i posted that, i'd probably be selling them right now for about a 67% ROI.

i'm also not sure what you're implying - countless people have gotten rich speculating, including pretty much all of the bitcoin early adopters.

i'm certainly not buying any at $100 a pop, but had they continued to drop (or should they plummet again in the future), i'm willing to gamble on them.

4/15/2013 9:19:46 PM

^ I THINK the point was that currency's main purpose shouldn't be speculating. The fact that this is how it is, isn't a good sign. Anyone who thinks otherwise might be fooling themselves.

4/15/2013 11:10:58 PM

Lot of bitcoin news recently for some reason

http://www.forbes.com/sites/louiswoodhill/2013/04/11/bitcoins-are-digital-collectibles-not-real-money/

Also for something that is supposed to be an improvement on money, it doesn't really help me keep track of the obligations owed between two parties -- I don't know what it's worth and nerds are creating this shit out of thin air.

4/15/2013 11:22:48 PM

Yeah, moron got it.

4/16/2013 7:12:26 AM

I had to go Bitcoin -> BTC-E -> BitInstant -> Paypal, but dinner for my wife and I, and a tank of gas courtesy of bitcoin tonight.

The fees hurt like a mother. After a couple of mistakes on my part, like trying to use Mt.Gox and Dwolla, I ended up with $90.26 deposited to my paypal account for 1.0005 btc.

There is still 23.70011798 USD in my BTC-E account, so I will move that here in a few minutes when I move another 1.0005 btc through.

[Edited on April 23, 2013 at 5:19 PM. Reason : Remaining BTCE]

4/23/2013 5:14:29 PM

http://www.wired.com/wiredenterprise/2013/04/bitcoin-mining-rigs/

Quote :

"But Garzik’s Avalon bet paid off. Big time. He got his system the end of January. Within 20 hours, it had earned him nearly 15 Bitcoins. Today it cranks out just under 4 Bitcoins per day. That’s about $500 at current Bitcoin exchange rates. “The first mover advantage is enormous,” Garzik said in an email interview."

4/23/2013 5:30:59 PM

^From the previous page:

Quote :

"1. Those butterfly boxes aren't out yet so good luck trying to gain money on vaporware."

4/23/2013 6:45:42 PM

Did you read the article? They're shipping and people have them.

4/23/2013 6:57:45 PM

Just sold another 1.0005 for cash.

Deposited this transaction for $134.98, bringing my payout for 2.0010 coins to $225.24.

4/23/2013 6:58:24 PM

whats the problem using mt gox and dwolla? that's how i've been moving money in and out for the past year or two.

4/24/2013 8:21:34 AM

has anyone noticed a lack of geniusboy posts since this thing went nuclear? /u/BITCOINBILLIONAIRE EXPOSED?

4/24/2013 10:04:08 AM

Quote :

"whats the problem using mt gox and dwolla? that's how i've been moving money in and out for the past year or two."

I ran into their verification process, and was too lazy to deal with it. Plus, I have a paypal debit card, so that was my ultimate goal destination.

4/24/2013 10:24:49 AM

i'd love to be able to ditch mt gox, but exchanging through other sites seems expensive. fees upwards of 20%

4/24/2013 12:27:09 PM

^^^ That's because he's suspended.

4/24/2013 1:02:27 PM

It only goes down from here: http://www.businessinsider.com/bitcoin-value-drops-after-silk-road-shut-down-2013-10

10/2/2013 3:53:10 PM

I have like 1.3 BTC. I offloaded most of it at $180 and more of it at about $110. When it hits a bottom and "stabilizes" could be the best time to buy back, where there is a market...

10/2/2013 5:19:28 PM

doubtful. if it goes below $100, there are going to be a ton of buyers. myself included.

10/2/2013 8:39:44 PM

You are correct. There's a psychological wall at $100 now, so when people see it in double-digits they'll buy. I find it comforting that they're going after criminal enterprises directly, rather than outlawing the currency all together.

10/3/2013 11:02:35 AM

i just noticed how i previously complained about not having a mt gox alternative for easy BTC purchases. well, i now use coinbase, which is the easiest way i've found to securely purchase bitcoins via linked US bank account. they charge a 1% fee per USD to BTC transaction.

https://coinbase.com/?r=51fa8bc85ad4af85a9000021

[Edited on October 3, 2013 at 1:24 PM. Reason : added referral link]

10/3/2013 1:21:38 PM

Thought you guys might find this interesting. I got my first Jalapeno from Butterfly Labs today.

This is so low powered, even though it is like 10 video cards, it will only generate like $50 a month, but it's neat to play with. It's currently hashing at 5.2 GH/s.









[Edited on October 16, 2013 at 11:06 PM. Reason : .]

10/16/2013 11:06:25 PM

How much does it cost to run that damn thing

10/17/2013 3:56:40 AM

The power supply it came with is rated at ~100 watts, so not terrible. It's certainly got a better hashing/wattage ratio than a video card.

10/17/2013 9:15:33 AM

How much bit coin does the FBI control?

11/8/2013 7:52:44 PM

^^^^ that little box just runs 24/7 and makes you $50 a month by it crunching numbers?

11/9/2013 3:48:35 PM

Yep. It's making even more now that bitcoin has gone to ridiculous prices.

11/12/2013 4:18:06 PM

haven't posted a price update in a while:

$360

All of us feeling pretty stupid because it was at $2 during this thread's existence?

11/12/2013 8:42:57 PM

$427 as of a few minutes ago. I'm loving it.

11/13/2013 1:48:30 PM

don't get me wrong, i wish i had "invested" early on so that i could cash out with real money

11/13/2013 2:38:52 PM

I just bought 5 humble bundles with bitcoin.

Converting my bitcoin to charity and getting some games in the process is pretty neat if you ask me.

11/13/2013 3:37:01 PM

From Page 1:

Quote :

"Look, I get that this appeals to the geek in everyone, and the anti-establishment nature of it kind of makes you feel like you're sticking it to the man, but a currency only has value if people have confidence in it and any confidence that the average person had in bitcoin is now toast. They got one shot at this and they blew it, game over."

11/13/2013 6:05:40 PM

Quote :

"quagmire02 All American 43100 Posts user info edit post don't get me wrong, i wish i had "invested" early on so that i could cash out with real money 11/13/2013 2:38:52 PM "

Same here.

The real question is after the current bubble pops, is it worth trying to ride the next one?

11/13/2013 6:08:57 PM

Quote :

"All of us feeling pretty stupid because it was at $2 during this thread's existence?"

I feel stupid and I made about $20K. My holdings would be worth a lot more than that.



[Edited on November 13, 2013 at 7:55 PM. Reason : a]

11/13/2013 7:54:46 PM

Quote :

"The real question is after the current bubble pops, is it worth trying to ride the next one?"

yes.

11/14/2013 7:07:36 AM